Short Term Analysis - February 20, 2007
AUDUSD
AUDUSD is in up trend, further rise towards 0.7936 (the day high of Jan 23) to reach the next cycle top on 4 hours chart can be expected in the next several days. Near term support is at 0.7845 and followed by 0.7825. Near term resistance is at 0.7886, a break above this level will signal the resumption of the up trend.
EURUSD
EURUSD is in consolidation to the up trend, further rise towards 1.3296 (the day high of Jan 2) can be expected after breaking above 1.3171 previous high. Near term support is at 1.3092, only break below this level may delay the resumption of the up trend.
USDCAD
USDCAD is in consolidation to the down trend, further fall towards 1.1500 level can be expected after breaking below 1.1618 previous low. Near term resistance is at 1.1687, only break above this level may delay the resumption of the down trend.
USDCHF
USDCHF is in down trend, more sharply fall towards 1.2250 can be expected later today. Near term resistance is at 1.2382, only break above this level may delay the resumption of the down trend.
USDJPY
USDJPY is bottoming on 4 hours chart, the fall from 122.17 may ended at 118.96, and a break above the key resistance at 120.35 may confirm such case. Near term support is at 118.96, only break below this level may signal the resumption of the down trend.
GBPUSD
GBPUSD is in down trend, further fall towards 1.9260 (the day low of Jan 8) can be expected in the next several days. Near term resistance is at 1.9678, only break above this level may delay the resumption of the down trend.
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